Project Information

Motivation

Space has become an essential part of our daily lives. For example, data communications solutions, transport, weather forecasting and agriculture and forestry are highly dependent on the resources offered by satellites. “New space” offers the possibility of using satellite platforms for new economically driven activities. In contrast to “old space” it is orders of magnitude less costly because of advances in micro-electronic and communication technologies and standardization procedures. Private sector involvement (entrepreneurship) is a key factor along with risk-taking (i.e., not over-engineering space systems). Old space got stuck in a vicious circle: the space sector is indeed expensive, therefore systems cannot fail and must be built following strict space standards, using proved space system and implementing redundancy which in turn makes the space systems even more expensive and, in addition, hinders utilization of latest technologies. New space, on the other hand, accepts systems failing every now and then, and follows the “fly early and fly often” philosophy in order to spur innovation. A service industry for new space applications is developingrapidly and now it is feasible to implement specific space-based systems for business and societal purposes by relying on this service industry. Doing this earlier (during “old space”) was basically not possible because of the extremely high costs. In a recent report from 2018 from the Finnish ministries of Economic affairs and Transport & Communication, new space economy will change the whole space business. All the opportunities in New Space are illustrated in figure below.

Funding

Project has been funded by EU Interregional Botnia-Atlantika program.

 

 

 

 

 

 

 

 

 

 

 

 

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Main Goals:

  1. Do this
  2. Do that
  3. Discover this
  4. Invent that
  5. Encourage and foster that
  6. Create this
  7. Create that
  8. Establish co-operation with those